$650,000
SOLD JUL 24, 2025
4 Beds
2 Baths
1,544 Sq Ft
2,400 Sq Ft Lot

Recently Sold

$421 Per Sq Ft

5% Below List Price

11 Days on Market

About This Home

As of July 2025

**Prime Real Estate Opportunity in Brooklyn – Flatbush Gem!**
Welcome to **301 E 40th St, Brooklyn** – a spacious 4-5 bedroom duplex located in the highly sought-after Flatbush section. This property offers immense potential but requires total renovation, making it an ideal canvas for your dream home or investment project.
**Key Features:**
- 4-5 Bedroom Duplex – Generously sized and versatile layout
- Driveway with Off-Street Parking – A rare and valuable asset in Brooklyn
- Prime Location – Situated in the vibrant and culturally rich Flatbush neighborhood
- Endless Possibilities – Perfect for owner-occupants looking to customize or investors seeking a rewarding project
This property represents an exceptional opportunity to create a modern, stylish living space in one of Brooklyn’s most dynamic communities. Don’t miss out on this diamond in the rough – with the right vision, this duplex can be transformed into a true masterpiece!

Last Agent to Sell the Property

Kenneth Trestka

Ken Trestka Real Estate Inc Brokerage Phone: 973-479-0937 License #10491206771 Listed on: 06/12/2025

Last Buyer's Agent

Kenneth Trestka

Ken Trestka Real Estate Inc Brokerage Phone: 973-479-0937 License #10491206771 Listed on: 06/12/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,021

Year Built

  • Built in 1925

Parking

  • Driveway

Home Design

  • Duplex
  • Frame Construction

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • 2 Full Bathrooms

Schools

  • Ps 135 Sheldon A Brookner Elementary School
  • Brooklyn Science And Engineering Aca Middle School
  • Brooklyn Community High School For Excellence And

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Cable TV Available

Additional Features

  • Walk-Out Basement
  • 2,400 Sq Ft Lot

Community Details

  • 2 Units
  • 3 Separate Gas Meters

Listing and Financial Details

  • Legal Lot and Block 42 / 4894
  • Assessor Parcel Number 04894-0042

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,021

Year Built

Built in 1925

Lot Details

2,400 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property SubType: Duplex
  • Property Condition: Fixer
  • Year Built: 1925
  • Attribution Contact: 973-479-0937
  • Carport Y N: No
  • CurrentPrice: 650000.00
  • MlsMajorChangeType: Sold
  • ListPrice_By_OriginalListPrice: 1.00000
  • ListPrice_By_LotSizeAcres: 12430127.0417
  • CurrentPrice_By_BuildingAreaTotal: 420.98446
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: First Floor Bedroom
  • Full Bathrooms: 2
  • Basement: Bilco Door(s), Finished, Walk-Out Access
  • Total Bedrooms: 4
  • Basement YN: Yes

Exterior Features

  • Construction Materials: Frame
  • Waterfront: No

Garage/Parking

  • Garage: No
  • Parking Description: Driveway

Utilities

  • Cooling: None
  • Heating: Natural Gas
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Connected, Sewer Available, Trash Collection Public
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Brooklyn Science And Engineering Aca

Lot Info

  • Lot Size Acres: 0.0551
  • Lot Size Sq Ft: 2400
  • Parcel Number: 04894-0042
  • Property Attached: No
  • Additional Parcels: No

Multi Family

  • Units Total: 2
  • Separate Gas Meters: 3

Tax Info

  • Tax Annual Amount: 5020.72
  • Tax Block: 4894
  • Tax Lot: 42
  • Tax Year: 2024

MLS Schools

  • Elementary School: Ps 135 Sheldon A Brookner
  • High School: BROOKLYN COMMUNITY HIGH SCHOOL FOR EXCELLENCE AND
  • Middle School District: Brooklyn 18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 1, 2025
Sold by
Mtek Nyc Llc
Bought by
Worrell Helaine
Current Estimated Value
$911,431

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,253,870
Outstanding Balance
$1,253,870
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$342,439

Purchase Details

Listed on
Jun 12, 2025
Closed on
Jul 24, 2025
Sold by
Trustee Of The Residential Credit Opport and Wilmington Savings Fund Society Fsb As
Bought by
Mtek Nyc Llc
Seller's Agent
Kenneth Trestka
Ken Trestka Real Estate Inc
Buyer's Agent
Kenneth Trestka
Ken Trestka Real Estate Inc
List Price
$684,900
Sold Price
$650,000
Premium/Discount to List
-$34,900
-5.1%
Views
2156

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
68.21%

Purchase Details

Closed on
Jan 31, 2025
Sold by
Segal Jack Esq
Bought by
Wilmington Savings Fund Society Fsb

Purchase Details

Closed on
Jul 17, 1999
Sold by
Lenders Realty Consultant Llc
Bought by
Charles Leon and Charles Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,424
Interest Rate
7.86%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 16, 1998
Sold by
Greenpoint Bank
Bought by
Lenders Realty Consultants Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,822
Interest Rate
6.5%
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $1,277,000 --
Deed $661,862 --
Foreclosure Deed $1,000 --
Foreclosure Deed $1,000 --
Bargain Sale Deed $134,500 Chicago Title Insurance Co
Bargain Sale Deed $134,500 Chicago Title Insurance Co
Bargain Sale Deed $109,500 Chicago Title Insurance Co
Bargain Sale Deed $109,500 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,253,870 Purchase Money Mortgage
Previous Owner $132,424 FHA
Previous Owner $81,822 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/24/2025 07/24/25 Sold $650,000 -5.1% $421 / Sq Ft
06/23/2025 06/23/25 Pending -- -- --
06/12/2025 06/12/25 For Sale $684,900 -- $444 / Sq Ft
Source: OneKey® MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,212 $44,460 $15,000 $29,460
2024 $6,212 $37,380 $15,000 $22,380
2023 $5,910 $37,080 $15,000 $22,080
2022 $5,681 $33,300 $15,000 $18,300
2021 $5,995 $31,740 $15,000 $16,740
2019 $5,343 $30,060 $15,000 $15,060
2018 $4,883 $25,416 $11,070 $14,346
2017 $4,779 $24,912 $12,582 $12,330
2016 $4,670 $24,912 $13,422 $11,490
2015 $2,615 $23,797 $16,622 $7,175
2014 $2,615 $22,450 $15,603 $6,847
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: 877172

OneKey® MLS

APN: 04894-0042

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